Nordic Capital and Sampo, who already before the offer where large owners in Nordax, said they now owned 30 percent of the total number of shares and votes in the lender.

Nordax board unanimously recommended the offer.

The 60 crown per share offer represents a premium of roughly 15 percent compared to Nordax closing price of 52 crowns on Wednesday.

“Nordic Capital and Sampo have a shared view regarding the potential of Nordax going forward and we believe the required investments which will secure Nordax’s long-term competitiveness, are best done in a private environment,” Nordic Capital managing partner Kristoffer Melinder said in a statement.